SEC Gives Wall Street Execs a Reporting Break
Published Date: 2/13/2025
Notice
Summary
The SEC is giving some big investment managers extra time to start filing a new monthly report called Form SHO, which tracks certain stock info. This temporary break means they don’t have to meet the January 2025 deadline while they sort out technical issues. No money changes now, just a little breathing room to get things right.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Temporary exemption for Form SHO filers
Institutional investment managers that meet the Rule 13f-2 thresholds are temporarily exempt from complying with Rule 13f-2 and filing Form SHO from February 7, 2025 through January 2, 2026. As a result, the January 2025 reporting period is covered by this exemption, and Form SHO reports for the January 2026 reporting period must be filed within 14 calendar days after the end of January 2026.
Investor transparency delayed about a year
The SEC’s temporary exemption delays implementation of Rule 13f-2 reporting and therefore delays the aggregated Form SHO information the Commission would publish for investors. The exemption runs from February 7, 2025 until January 2, 2026, so the transparency benefits tied to those reports are postponed for approximately twelve months.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-12252 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Exchange Fee Schedule To Establish Fees for the Trade-by-Trade Report
MIAX Pearl Options Exchange is adding new fees for their Trade-by-Trade Report starting now. Traders and firms who want this detailed report will pay a monthly subscription or a fee for one-time historical data requests, with discounts if they also buy related reports. This change helps the Exchange cover costs and keeps data access clear and fair.
2026-12259 — Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Options Regulatory Fee (ORF)
Starting July 1, 2026, Nasdaq Texas is raising the fee traders pay when they trade options, called the Options Regulatory Fee (ORF). This change affects anyone trading options on Nasdaq Texas and updates how the fee is described to match other Nasdaq exchanges. The new fee kicks in right after the filing, so traders should get ready for a slightly higher cost soon!
Previous / Next Documents
Previous: 2025-02563 — Product Change-Priority Mail and USPS Ground Advantage® Negotiated Service Agreement
The Postal Service is adding a new shipping deal for Priority Mail and USPS Ground Advantage® to its special contract list. This means businesses using these services could see new pricing options soon. The change aims to make shipping easier and possibly save money, with updates coming into effect after approval.
Next: 2025-02571 — Agency Information Collection Activities; Proposed Collection; Comment Request; Extension
The FTC is asking for your thoughts on a rule it shares with the Consumer Financial Protection Bureau about how consumer reporting agencies share info with people. This rule’s approval expires in April 2025, so the FTC wants to make sure everything’s up to date. If you’re involved with consumer reports, this could affect how you handle info and paperwork.